Mon. May 20th, 2019

What I Wish Everyone Knew About Sydney Property Valuations.

I’m not  the guy that builds the models and we  have really really smart people that do  that or the person that that takes all those outputs from from our indices and  our models and tries to make sense of what they mean so we put a lot of graphs we write a lot of commentary we put out  a lot of reports but a big part of what what my team does is really just try to decipher.

What’s happening in the housing  market blend all our indices with other data economic data demographic data just to try to paint I guess a more holistic segments making and Finance picture of where the markets been and  where it’s likely be going from here and we’ll try and tackle that today how do we get to where we are today and what’s the future look like my point around most property investors having used or  being aware of core logic you guys have got pretty good coverage right across Australia.

When it comes to this stuff yeah of course a whole bunch of different segments as well so a lot of people would know core logic is Rp  data a previous branding and back in we were acquired by core logic and American company which we’re now part of the world’s largest property data and analytics company so a very very good good place to be as an analyst but also we look at the different segments that  we work in you know biggest growth segments making and Finance so we did a lot of work with the banks around risk mitigation around valuations work and identifying opportunities streamlining.

The mortgage process application as well but also with real estate agents of course mortgage brokers  valuers consumers and government are really the main segments we work in and then also in a non residential side of the business which is cordell city scope property information monitor all our non-residential products so they feed obviously into developers and to builders commercial leasing agencies and so forth  as well as it’s quite the gambit but I think anybody looking to buy a property should absolutely be accessing this sort of data yeah just just to drill down to the micro level is really important as an investor looking at all the trends.

There be a say even macro down to suburb level trends are really important but if  you’re making a decision that’s costing you hundreds of thousands of dollars you really want to be looking at the nuts and bolts looking at well what are the properties so for previously how long has it been on the market other vendors may be getting a little bit more inclined to discount their prices or watch negotiation position like and what  a property is doing around the property you’re looking at are they selling they are on the market for longer.